Malayan Insurance Company, Incorporated, Binondo, Manila /
by Florian S. Braga.
- Indang, Cavite : Cavite State University- Main Campus, 2002.
- xii, 60 pages : 28 cm. illustrations ;
Field Study (BSBM - - Economics) Cavite State University.
Includes bibliographical references.
College of Economics, Management, and Development Studies (CEMDS) College of Economics, Management, and Development Studies (CEMDS)
BRAGA, FLORIAN SOLIMAN, Malayan Insurance Company, Incorporated, Binondo, Manila. Field Study. Bachelor of Science in Business Management major in Economics. Cavite State University, Indang, Cavite. April 2002. Adviser: Dr. Luzviminda A. Rodrin.
A study was conducted to expose the student to actual operation of the business; to determine the existing management practices employed by the firm; and to identify the problems encountered by the firm. The study was conducted at Malayan Insurance Company, Incorporated at ETY Building, 500 Quintin Paredes Street, Binondo, Manila from October 15, 2001, to January 31, 2002. Data were gathered through observation and personal interview with the Human Resource Department Head, Assistant Manager of Surety, and other employees. Other information were obtained from the company manual. The company's management was well-organized and well-planned. One of the strengths of Malayan Insurance Company, Incorporated is its being the leading professional insurance group in the Philippines for almost 32 years. It is known for its effective management and quality product and services offered. However, the system of centralized decision-making in the company sometimes causes delay in the implementation of other activities. The company is planning to improve its productivity through continuous product promotion in coordination with their sister companies and by providing their employees the necessary trainings to improve their competency and to deepen their involvement in the company. During the conduct of the study, different activities like preparing jackets for the bonds, making reports for bond collaterals, recording bond numbers/endorsement number. in corresponding registers, and preparing letters were done. Actual operation and familiarization with the different management practices, particularly on the preparation of jackets and reports for bonds were learned. Proper dealing with people, respect to others' rights and self-discipline were developed. After the conduct of the field study, it was learned that the problem identification is not only the job of the professionals. Anyone within the company who understands the purpose of a quality system is in the position to identify the problems in his/her designated area